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Side-by-side financial comparison of PARK NATIONAL CORP (PRK) and ROCKY BRANDS, INC. (RCKY). Click either name above to swap in a different company.

PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $139.7M, roughly 1.2× ROCKY BRANDS, INC.). PARK NATIONAL CORP runs the higher net margin — 25.3% vs 4.7%, a 20.7% gap on every dollar of revenue. On growth, ROCKY BRANDS, INC. posted the faster year-over-year revenue change (9.1% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $16.7M). Over the past eight quarters, ROCKY BRANDS, INC.'s revenue compounded faster (11.2% CAGR vs 4.9%).

National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

Rocky Brands, Inc., formerly known as Rocky Shoes & Boots, Inc., is a company which designs, develops, manufactures, and markets outdoor, work, western and military footwear, and other outdoor and work apparel and accessories. The company was founded in 1932 in Nelsonville, Ohio, and still maintains its corporate headquarters there.

PRK vs RCKY — Head-to-Head

Bigger by revenue
PRK
PRK
1.2× larger
PRK
$168.3M
$139.7M
RCKY
Growing faster (revenue YoY)
RCKY
RCKY
+6.9% gap
RCKY
9.1%
2.2%
PRK
Higher net margin
PRK
PRK
20.7% more per $
PRK
25.3%
4.7%
RCKY
More free cash flow
PRK
PRK
$175.2M more FCF
PRK
$191.9M
$16.7M
RCKY
Faster 2-yr revenue CAGR
RCKY
RCKY
Annualised
RCKY
11.2%
4.9%
PRK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRK
PRK
RCKY
RCKY
Revenue
$168.3M
$139.7M
Net Profit
$42.6M
$6.5M
Gross Margin
41.3%
Operating Margin
6.9%
Net Margin
25.3%
4.7%
Revenue YoY
2.2%
9.1%
Net Profit YoY
10.4%
35.7%
EPS (diluted)
$2.62
$0.86

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PRK
PRK
RCKY
RCKY
Q4 25
$168.3M
$139.7M
Q3 25
$169.5M
$122.5M
Q2 25
$168.7M
$105.6M
Q1 25
$157.9M
$114.1M
Q4 24
$164.7M
$128.1M
Q3 24
$170.3M
$114.6M
Q2 24
$157.7M
$98.3M
Q1 24
$152.8M
$112.9M
Net Profit
PRK
PRK
RCKY
RCKY
Q4 25
$42.6M
$6.5M
Q3 25
$47.2M
$7.2M
Q2 25
$48.1M
$3.6M
Q1 25
$42.2M
$4.9M
Q4 24
$38.6M
$4.8M
Q3 24
$38.2M
$5.3M
Q2 24
$39.4M
$-1.2M
Q1 24
$35.2M
$2.5M
Gross Margin
PRK
PRK
RCKY
RCKY
Q4 25
41.3%
Q3 25
40.2%
Q2 25
41.0%
Q1 25
41.2%
Q4 24
41.5%
Q3 24
38.1%
Q2 24
38.7%
Q1 24
39.1%
Operating Margin
PRK
PRK
RCKY
RCKY
Q4 25
6.9%
Q3 25
34.3%
9.6%
Q2 25
35.2%
6.8%
Q1 25
32.4%
7.6%
Q4 24
6.6%
Q3 24
27.4%
8.8%
Q2 24
30.6%
4.6%
Q1 24
27.8%
7.1%
Net Margin
PRK
PRK
RCKY
RCKY
Q4 25
25.3%
4.7%
Q3 25
27.8%
5.9%
Q2 25
28.5%
3.4%
Q1 25
26.7%
4.3%
Q4 24
23.5%
3.7%
Q3 24
22.4%
4.6%
Q2 24
25.0%
-1.3%
Q1 24
23.0%
2.3%
EPS (diluted)
PRK
PRK
RCKY
RCKY
Q4 25
$2.62
$0.86
Q3 25
$2.92
$0.96
Q2 25
$2.97
$0.48
Q1 25
$2.60
$0.66
Q4 24
$2.38
$0.65
Q3 24
$2.35
$0.70
Q2 24
$2.42
$-0.17
Q1 24
$2.17
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRK
PRK
RCKY
RCKY
Cash + ST InvestmentsLiquidity on hand
$233.5M
$2.9M
Total DebtLower is stronger
$122.6M
Stockholders' EquityBook value
$1.4B
$252.1M
Total Assets
$9.8B
$477.5M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRK
PRK
RCKY
RCKY
Q4 25
$233.5M
$2.9M
Q3 25
$218.9M
$3.3M
Q2 25
$193.1M
$2.8M
Q1 25
$237.6M
$2.6M
Q4 24
$160.6M
$3.7M
Q3 24
$201.7M
$3.7M
Q2 24
$261.5M
$4.1M
Q1 24
$306.1M
$3.1M
Total Debt
PRK
PRK
RCKY
RCKY
Q4 25
$122.6M
Q3 25
$139.0M
Q2 25
$132.5M
Q1 25
$128.6M
Q4 24
$128.7M
Q3 24
$150.3M
Q2 24
$152.4M
Q1 24
$156.0M
Stockholders' Equity
PRK
PRK
RCKY
RCKY
Q4 25
$1.4B
$252.1M
Q3 25
$1.3B
$246.1M
Q2 25
$1.3B
$239.1M
Q1 25
$1.3B
$236.2M
Q4 24
$1.2B
$232.2M
Q3 24
$1.2B
$228.3M
Q2 24
$1.2B
$223.8M
Q1 24
$1.2B
$225.3M
Total Assets
PRK
PRK
RCKY
RCKY
Q4 25
$9.8B
$477.5M
Q3 25
$9.9B
$494.0M
Q2 25
$9.9B
$471.0M
Q1 25
$9.9B
$468.2M
Q4 24
$9.8B
$457.3M
Q3 24
$9.9B
$475.0M
Q2 24
$9.9B
$467.9M
Q1 24
$9.9B
$466.5M
Debt / Equity
PRK
PRK
RCKY
RCKY
Q4 25
0.49×
Q3 25
0.57×
Q2 25
0.55×
Q1 25
0.54×
Q4 24
0.55×
Q3 24
0.66×
Q2 24
0.68×
Q1 24
0.69×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRK
PRK
RCKY
RCKY
Operating Cash FlowLast quarter
$198.3M
$17.6M
Free Cash FlowOCF − Capex
$191.9M
$16.7M
FCF MarginFCF / Revenue
114.1%
12.0%
Capex IntensityCapex / Revenue
3.8%
0.6%
Cash ConversionOCF / Net Profit
4.65×
2.70×
TTM Free Cash FlowTrailing 4 quarters
$328.2M
$9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRK
PRK
RCKY
RCKY
Q4 25
$198.3M
$17.6M
Q3 25
$52.6M
$-3.3M
Q2 25
$49.7M
$812.0K
Q1 25
$37.9M
$1.2M
Q4 24
$178.8M
$24.4M
Q3 24
$43.8M
$4.5M
Q2 24
$50.9M
$6.5M
Q1 24
$35.0M
$17.4M
Free Cash Flow
PRK
PRK
RCKY
RCKY
Q4 25
$191.9M
$16.7M
Q3 25
$51.1M
$-5.2M
Q2 25
$48.4M
$-2.4M
Q1 25
$36.8M
$529.0K
Q4 24
$169.7M
$22.9M
Q3 24
$41.7M
$3.5M
Q2 24
$49.0M
$4.6M
Q1 24
$31.9M
$17.1M
FCF Margin
PRK
PRK
RCKY
RCKY
Q4 25
114.1%
12.0%
Q3 25
30.1%
-4.2%
Q2 25
28.7%
-2.2%
Q1 25
23.3%
0.5%
Q4 24
103.0%
17.9%
Q3 24
24.5%
3.0%
Q2 24
31.1%
4.7%
Q1 24
20.8%
15.2%
Capex Intensity
PRK
PRK
RCKY
RCKY
Q4 25
3.8%
0.6%
Q3 25
0.9%
1.5%
Q2 25
0.8%
3.0%
Q1 25
0.7%
0.6%
Q4 24
5.6%
1.2%
Q3 24
1.2%
0.9%
Q2 24
1.2%
1.9%
Q1 24
2.1%
0.2%
Cash Conversion
PRK
PRK
RCKY
RCKY
Q4 25
4.65×
2.70×
Q3 25
1.11×
-0.46×
Q2 25
1.03×
0.23×
Q1 25
0.90×
0.25×
Q4 24
4.63×
5.08×
Q3 24
1.14×
0.85×
Q2 24
1.29×
Q1 24
0.99×
6.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PRK
PRK

Segment breakdown not available.

RCKY
RCKY

Wholesale$79.6M57%
Retail1$57.0M41%
Contract Manufacturing$3.2M2%

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